§ 9906 Financing Statement Filing Rules

Commercial Code·California

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Key Takeaways

•You can file a paper to keep a loan agreement active if the lender says it's okay.
•This paper is needed to keep an old loan agreement working after January 1, 2015.
•It also helps make sure a loan is officially protected if someone owes money.

Example

You borrowed money from a bank to buy a car before 2015, and the bank wants to make sure they still have a claim on the car if you don’t pay.

The bank can file a paper to keep their claim on your car valid, but they need your permission first.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 9906 Financing Statement Filing Rules

A person may file an initial financing statement or a continuation statement under this chapter if the following conditions are satisfied: (a) The secured party of record authorizes the filing. (b) The filing is necessary under this division to accomplish either of the following: (1) To continue the effectiveness of a financing statement filed before January 1, 2015. (2) To perfect or continue the perfection of a security interest. (Added by Stats. 2014, Ch. 284, Sec. 2. (AB 1858) Effective January 1, 2015.)

Last verified: January 23, 2026

Key Terms

initial financing statement continuation statement secured party of record security interest

References

Official text at leginfo.legislature.ca.gov
California Legislature. Commercial Code. Section 9906.

Key Takeaways

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Key Takeaways

Example

Key Terms

Related Statutes

References